General Mills, Inc. $GIS Position Lessened by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in General Mills, Inc. (NYSE:GIS) by 14.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,041 shares of the company’s stock after selling 12,172 shares during the period. Teacher Retirement System of Texas’ holdings in General Mills were worth $3,582,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GIS. GC Wealth Management RIA LLC acquired a new position in General Mills during the 2nd quarter worth $258,000. HB Wealth Management LLC lifted its holdings in General Mills by 4.8% in the second quarter. HB Wealth Management LLC now owns 38,145 shares of the company’s stock worth $1,976,000 after purchasing an additional 1,748 shares during the period. Sicart Associates LLC acquired a new position in General Mills during the 2nd quarter valued at about $361,000. Forza Wealth Management LLC raised its position in shares of General Mills by 4.9% during the 2nd quarter. Forza Wealth Management LLC now owns 12,028 shares of the company’s stock worth $623,000 after buying an additional 560 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC lifted its stake in shares of General Mills by 4.2% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 21,502 shares of the company’s stock worth $1,114,000 after acquiring an additional 870 shares during the period. Institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $48.15, for a total value of $72,225.00. Following the completion of the transaction, the insider directly owned 48,568 shares of the company’s stock, valued at $2,338,549.20. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GIS shares. Weiss Ratings lowered shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 13th. TD Cowen reiterated a “hold” rating on shares of General Mills in a research report on Monday, December 15th. Sanford C. Bernstein set a $54.00 price objective on General Mills and gave the company a “market perform” rating in a report on Thursday, December 18th. Wells Fargo & Company decreased their target price on General Mills from $51.00 to $49.00 and set an “equal weight” rating for the company in a research note on Monday, January 5th. Finally, UBS Group reiterated a “sell” rating on shares of General Mills in a research report on Friday, December 19th. Five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.33.

General Mills Price Performance

Shares of General Mills stock opened at $44.34 on Thursday. The stock has a market capitalization of $23.66 billion, a price-to-earnings ratio of 9.54 and a beta of -0.06. The firm’s 50-day moving average price is $45.98 and its two-hundred day moving average price is $48.03. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30. General Mills, Inc. has a 1-year low of $42.78 and a 1-year high of $67.35.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.03 by $0.07. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the business earned $1.40 EPS. General Mills’s revenue was down 7.2% compared to the same quarter last year. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, equities analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Friday, April 10th. General Mills’s dividend payout ratio is presently 52.47%.

About General Mills

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.